ReachCustomersOnline.com

Elaborate credit card con still works

Posted by TimSlavin at December 10, 2002

MSNBC.com: "The simple but ingenious “credit-back” scheme essentially lets a criminal turn a merchants’ credit card terminal into a printing press for money. It exploits a fundamental flaw in some credit card processors which allows consumers to buy merchandise with one credit card, then allows them to return the merchandise and receive a credit on a different card."

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